Tag Archives: 6b) Mises.org

Money supply growth fell again in February, falling even further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. February's drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. Since April 2021, money supply growth has slowed quickly, and since November, we've been seeing the money supply contract for the first time since the 1990s. The last time the...

Join 2023's Virtual Mises University for only $25—or join free for Mises Institute Members (uses your promo code on the back of your Membership card).  For almost thirty years, Mises Institute scholars have presented at Mises University, a world-class, week-long, intensive event in Austrian Economics. Virtual Mises University is the online component of this seminar for students, professionals, business people, and absolutely anyone, anywhere, who is interested in the...

In a recent NYT column, economist Paul Krugman mocks Florida Governor Ron DeSantis, who warned that a central bank digital currency (CBDC) would give the government too much power over Americans. Specifically, DeSantis argued that the feds could use a CBDC to further implement the “woke” agenda, penalizing Floridians if they bought too much gas or guns. Human Action Podcast: Krugman Says It's Paranoid to Worry About a Fed Digital Currency with Robert Murphy and...

Since the Trump administration launched their trade war with China in 2018, “Trump tariffs” have continued to harm not only our international relationships but also the US economy and the pocketbooks of US consumers. Now as global relations with China intensify and we face a national economic downturn, it’s time for the United States to embrace a more cooperative approach to foreign trade and allow free markets to provide a remedy to our economic woes. Although...

Do Americans have the right to know if the $100 billion in their tax dollars that the Biden administration is delivering to Ukraine is being wasted? No, according to the U.S. Congress - which recently voted against creating an Inspector General to investigate whether handouts to the most corrupt government in Europe were being stolen. Do Americans have the right to know if their own government blew up the Nord Stream pipeline, the biggest act of environmental...

The collapse of California-based Silicon Valley Bank (and Signature Bank in New York) on March 10, 2023, sent shock waves through the international financial system. It not only made bank stocks and bank bonds fall sharply but also finally brought ailing banking giant Credit Suisse to its knees. The Swiss bank had to be rescued and was bought by UBS on March 19, 2023. In another wave of market fear, Deutsche Bank, another global systemically important bank, came...

Mark takes a look at the good news on price inflation and why it is better than reported, but probably short-lived. Other statistics are worsening and, amazingly, even landlords are starting to feel the pain! Be sure to follow Minor Issues at Mises.org/MinorIssues. [embedded content] Tags: Featured,newsletter

The income tax is “undoubtedly the most totalitarian of all taxes.1 —Murray Rothbard At the founding of our country, the framers of our Constitution wisely withheld the right to tax incomes from the federal government. With the recent Revolutionary War in mind, the States were reluctant to cede strong taxing powers to a central state. Given the enormous change in how this country regards the income tax, it is instructive to consider its origins. Studying this...

Taxes are the price we pay for a civilized society. Taxes are the price we pay for civilization. I like to pay taxes. With them I buy civilization. —Justice Oliver Wendell Holmes Jr. During tax season, many people try to provide you with practical ways to lower your tax bill and mitigate your exposure to both tax payments and reporting. Instead of repeating such advice, I would rather discuss the role of taxes in society or, in particular, why we don’t need taxes....

This week, with camera crews well positioned with the perfect shot to take it all in, federal agents arrested a man for allegedly leaking classified Pentagon documents mostly related to U.S. involvement in the ongoing proxy war in Ukraine. Massachusetts Air National Guardsman Jack Teixeira has been accused of leaking sensitive U.S. intelligence documents on to a Discord server. For those who are unaware, Discord is an internet messaging platform for a variety of...